Hex Trust has announced its plan to issue and custody wrapped XRP, a major step toward expanding the token’s utility across multiple blockchains and enhancing its role in the decentralized finance (DeFi) ecosystem. This initiative aims to bridge XRP — traditionally limited to its native XRP Ledger — into leading smart contract platforms, enabling broader integration with DeFi applications, liquidity pools, lending protocols, and cross-chain trading environments.
Wrapped XRP (wXRP) will function as a blockchain-agnostic token backed 1:1 with native XRP, fully secured and custodied by Hex Trust. By offering a trusted and regulated custodial framework, Hex Trust ensures transparency and security for institutional clients and developers seeking to deploy XRP within new decentralized environments. This is a significant advancement for XRP holders who have long awaited deeper involvement in DeFi markets.
The move comes at a time when interoperability is becoming crucial for digital asset growth. As blockchain ecosystems continue to expand, the demand for assets that can move freely across networks without losing value or security is stronger than ever. Wrapped assets have proven essential in this transition, with wrapped Bitcoin (WBTC) and wrapped Ethereum tokens already playing major roles in liquidity generation and multi-chain DeFi strategies.
By enabling XRP to be wrapped and utilized beyond its native ledger, Hex Trust is positioning the asset for increased adoption across popular blockchains such as Ethereum, Solana, BNB Chain, and more. This opens the door to new trading pairs, deeper liquidity, and participation in advanced financial instruments like yield farming, derivatives, and automated market makers (AMMs).
Industry experts note that this development could significantly enhance XRP’s role in the broader crypto landscape, especially as institutions increasingly explore regulated pathways into DeFi. Hex Trust’s infrastructure, known for its compliance with strict regulatory standards across Asia and Europe, provides a secure gateway for institutional investors seeking exposure to wrapped digital assets.
The introduction of wrapped XRP also aligns with the market’s growing shift toward tokenization and cross-chain functionality. As blockchain interoperability improves, assets like wXRP will play a key role in connecting previously siloed ecosystems.
With this new initiative, Hex Trust not only expands the utility of XRP but also reinforces the growing trend of bringing traditional crypto assets into the DeFi world through secure and compliant frameworks. The launch of wrapped XRP marks another milestone in the evolution of multi-chain finance, unlocking new opportunities for developers, traders, and institutions alike.
